Control Access to Preferred Vendors at the Mortgage Company Level

When a mortgage lender makes the decision to invest in mortgage software that they will be making available to their loan officer teams, it comes with some strings that the lender has attached to ensure that the technology is being used in the manner that the lender sees fit (not the loan officer). Not every company has a list of preferred vendors that they want their teams to use because of comfort, cost, compliance, or otherwise.

One example of this is in the preferred service integrations that a lender has given their blessing for loan officers to use. Maybe the lender only wants their LOs using the enterprise cloud storage service that the company uses (like Dropbox for Business, or Microsoft OneDrive Business) so that they can make sure that the documents being collected from borrowers are stored in a location that the lender manages and is comfortable with. Now that there are new vendors coming to market all the time specializing in sensitive information automation, lenders are becoming increasingly selective about the vendors that they choose to partner with for these services.

The key for the mortgage company is that once they’ve invested their time and effort into vetting a preferred service provider, they want to ensure that their loan officers are not circumventing the process to use a different, non-approved, vendor. This exact concept is why Floify introduced the Enterprise App. Mortgage companies that leverage the Floify platform can now build integrations with those preferred vendors that can be applied and enforced at a company level for any/all teams that fall under their company umbrella.

For the loan officer who wants the autonomy to choose services that they prefer to use, fear not, Floify works just fine for individual LO’s and their teams. A whole suite of integrations can be leveraged, or a loan officer could engage their own developer to build a custom integration between the Floify platform and another service they love.